The Challenger small caps fund sold down its shareholding in IWL last week from 7.43 per cent to 6.33 per cent.
The latest move, announced to the ASX last week, caps off a busy month for Challenger, which included 10 other changes to its substantial shareholdings in various companies – seven decreases and three increases. In its presentation to institutions last month, IWL noted Challenger was one of its major institutional supporters and said it owned 8 per cent of the company. IWL also confirmed Susan Thomas as its new independent non-executive director last week, replacing Colin Scully who recently resigned the post.
23 May 2006 00:00
confirmed, thomas, independent, challenger, replacing, colin, supporters, resigned, susan, owned, scully, company
Investments
The Future Fund delivered a 14.8 per cent one-year return to June 30, 2026, attributing the return to a combination of exposure to commodities, geographic diversification, an increased focus on active management and low exposure to bonds. Newly minted chief investment officer Richard Brandweiner also highlighted strong performance in emerging markets.
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